by Jibran Munaf | November 8, 2024 | Markets
The S&P 500 and Nasdaq Composite reached new record highs on Thursday, driven by a tech rally and a fresh interest rate cut from the Federal Reserve, following Donald Trump’s election victory. The Federal Reserve lowered its benchmark rate by 25 basis points to a...
by Jibran Munaf | November 8, 2024 | Opinion, politics
Donald Trump’s return to the White House is poised to reshape U.S. foreign policy, potentially leading to major shifts on key global issues. During his campaign, Trump reiterated his “America First” stance, focusing on non-interventionism and trade protectionism,...
by Jibran Munaf | November 8, 2024 | Stocks & Bonds
Nvidia (NVDA) made history on Thursday, becoming the first company to surpass a market valuation of $3.6 trillion. The AI chip giant’s stock surged 2.2% following Wall Street’s rally, fueled by investor optimism after Donald Trump’s re-election, which...
by Jibran Munaf | November 8, 2024 | Central Banks
The Central Bank of the UAE (CBUAE) announced a 25 basis point reduction in its overnight deposit facility (ODF) rate, bringing it down from 4.90% to 4.65%, effective Friday, November 8. This adjustment comes in response to the U.S. Federal Reserve’s recent decision...
by Jibran Munaf | November 8, 2024 | US Elections 2024
Following Donald Trump’s unexpected election victory, U.S. President Joe Biden addressed the nation on Thursday, promising a “peaceful and orderly” transition of power. Biden’s statement aimed to calm political tensions as Trump prepares to assume office in...
